Ethereum price passes $100 For the First Time in History
During the Saturday night on 5th of May the price for the second largest capitalization cryptocurrency Ethereum passed $100 and reach a new all-time high. According to Coinmarketcap average market price at 03:39 (Moscow) hit 103.23$.
Today, the cryptocurrency has a market cap of $9.4bn, the volume of trade during last 24 hour is $420mln (its about 20% of all cryptocurrencies trading volume). During the same period bitcoin has 46% and Litecoin around 11%.
Ethereum price grew up 25% over the last 24 hours, which is more than 1,000% on the year. This is really an outstanding achievement, taking into consideration that ether cost was only 8$ in the beginning of the year.
The impressive growth comes at a time when the ether network is fast gaining traction among open-source innovators, enterprise firms and developers, becoming actually the key platform for launching numerous ICO, and representatives of the corporate world including JP Morgan and Bank of America, using this technology to create their own private versions.
Coinbase company announced on Aril that Ethereum messanger will be released soon, allowing users to send messages and make cryptocurrency payments.
Overall, the milestone comes just a day after analysts predicted the ether price would push above the $100-mark amid what they described as a "massive bull run".